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20121226
20121226
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♪ we are we are family >>> i'm jim cramer and welcome to my world. >> you need to get in the game! >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money." you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to kramer ka. other people want to make friends. i'm just trying to make a little money. my job is not only to entertain you but i'm doing some teaching tonight. call me at 1-800-743-cnbc. earnings season. i dread earnings season. why? because it is overwhelming with so many companies reporting at once and so much data being thrown at you. because it's hard to keep track of the expectations and to really know what is better than expected. what the whisper, the real benchmark that must be beaten is? no. it's because i have a really bad back and i can't stand carrying all those printed out versions of the conference call as i shlep from downtown to my office here in englewood cliffs. tonight i want to do something different. i want to help you t
this is the "cbs evening news" with scott pelley. >> axelrod: good evening. event is off. i'm jim axelrod. rnristmas is turning treacherous for large sections of the country. tonight, parts of indiana and kentucky are under a blizzard watch. roads in oklahoma and northern arkansas could soon become impassable due to whiteouts, and another storm system developing along the gulf of mexico from daxas to florida is raising the threat of tornadoes. the director of the emergency management agency in alabama says the danger is made worse now because so many drivers are holiday travelers driving in unfamiliar places. michelle miller brings us up to speed. >> reporter: a half-foot of snow caused whiteouts on roads across the texas panhandle. there were near-blizzard conditions at day break in amarillo. 250 miles east, just outside oklahoma city, a 21-vehicle pile-up on interstate 40 stopped traffic for five hours. 12 people were injured. one state over in missouri, salt trucks were busy preparing the roads for expected heavy snowfall. transportation officials mark sheldon warned holiday tr
that this special show will detail. i need to go brad in south carolina. brad? >> caller: hey, jim. i want to give you a big boo-yah to you. >> wow. ago. that's aggressive. i'll take that. go ahead. >> caller: jim, i'm wondering how to best prepare for this earning season in tomorrows of online research resources. give me the inside scoop of what your browser will look like as you stay on top of all the market updates. >> okay. what i like to do -- first of all, i like nbc is. i'm not kidding. cnbc covers earnings better than anyone. i use the web sites. they're so, so good, they have analyst reports, projections. i look at the news stories to get a sense of what the consensus is. then i look at analyst reports the day after. all that has to be done if you're going really sink your teeth in and feel very confident. start with the web site of the stock. to darrell in california, please. darrell? >> caller: yes. boo-yah, jim cramer. >> boo-yah! >> caller: i have a question there. what is meant by a reverse split stock? >> that means if there's a million shares, you know, say they do a 3-1, you know,
the story of the civil war at sea and on the rivers, jim, you were putting the finishing touches on your new book. craig, you were preparing four book for publication as well, and now both dish have to do this the way they do on the talk shows -- so, now, james mcpherson's war on the waters, the union and confederate navies, 1861 to 1865, and craig's civil war at sea, both very handsomely done, and it's good because we get to resume our conversation. we barely broke the surface. let's get right to it. because we spoke for an hour last time and we got to about january of 1862. so i'll assume you all know about 1861. and get to something that jim pointed out in his book, which i found rather interesting, and that is that 150 years ago this month, eye side from all the other things going on, including the first shudders of the realization that lincoln had actually promulgated an emancipation proclaimation. the blockade was in force in confederate ports. the union had chanced the bombardment of the city of vicksburg, and new orleans had fallen. the tennessee, cumberland, and mississippi rivers s
>>> final trade. josh? >> qualcomm. >> guy? >> netflix. >> >>> i'm jim cramer and welcome to my world. you need to get in the game. firms are going to go out of business and he's nuts, they're nuts. they know nothing! i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. >> i wouldn't cop out here every night to try to educate you if i didn't just think it was not just theoretically possible but actually feasible for the vast majority of people to succeed at managing their own money. so if that's the case, then why is investing so darn difficult? how many people struggle to make money in the stock market in how the heck can i believe it possible for you to beat the average, the big benchmarks when so many fund managers fail to do so? simple. you can do it but you have to do it the right way. one of the biggest obstacles to successful investing is a lack of clarity about just what investing is suppo
an your money. jim amos, chairman of planet smoothie. we have the ceo of fast signs and the jamie richardson the vice president of white castle. we have a power panel on today. thank you all for joining us. i want to start with some news from clarence otis, ceo of darden restaurants. obviously he came out and said that the forecast for his company going forward is looking bleak for a couple of different reasons. he said the negative media coverage that focused on darden and how they might accommodate health care reform has really hurt the company. he was someone who came out and said they would have to go ahead and use many more part-time workers because obamacare was simply too expensive. there was a big backlash against that. so he is going to have to go ahead and as a result, they will keep their full-time workers on. they will really stuck with the cost of obamacare. he also said, you know, they're having a tough time because people aren't coming into the restaurants because economy is bad. in my mind he spoke out. got punished for it. at the same time the economy is terrible.
of money. >> my parents decide to buy me a house as a investment outside china. >> reporter: jim jacobson has sold 22% of the residents to affluent chinese. >> they don't have a place to put their money. they look at their own economy as a place where it's not very stable. the housing market is not very stable either. >> reporter: so this housing complex is being built for chinese buyers. separate wok cooking rooms. no unlucky fours in the addresses. back in napa scott says chinese wealth is an opportunity, not a threat for american business. >> america's known for quality. >> reporter: after all that eagle is on the bottle because what so many chinese want is something made in the usa. ben tracy, cbs news, napa valley. >> on this christmas day, a san francisco tradition 30 years running as neighbors take time to help struggling neighbors. >> many of them are strangers. like $500. >> a family dog home and healthy for the holidays. how shasta was saved by total strangers. >> more directly than -- >> an unforgettable holiday >> an unforgettable holiday gift for a bay ,,,,,,,,,, better for t
was inside. that was the store's owner, jim butler. they got into an altercation inside the business and philip was eventually shot. philip eventually collapsed in the parking lot. he had been having difficulties with people breaking into the stores and this time he happened to be there when it happened. philip had a vast criminal record including theft and various drug offenses. so far no charges have been filed in this case. kim dacey, wbal-tv 11 news. >> there were two separate christmas day shootings. what happened on druid park lake drive. officers found a male suffering from a gunshot wound to his leg. no word as to a suspect or a possible motive. there's a shooting in west baltimore. and now was found with a gunshot wound to his upper body. no word this morning on his condition. we have an update on a christmas eve double shooting in east baltimore. one of the victims has been identified. he was shot multiple times and later died at the hospital. a second victim walked into a local hospital with gunshot wounds to her stomach. she is expected to recover. >> president obama is c
me the truth, i've got some plans for them. yeah if. look jim it's up to you to find out. me? yeah. suppose you mosey into mineral city and find out if there was a robbery and how much the boys got. maybe we won't have to look in those saddle bags after all. it's a good idea rusty. i'll start now. okay. jim, take a look at that bank layout while you're at it. okay rusty. i think i'll take this one. phew. whoa. on second thought i think i will take this one. you act like a cow on his honey moon. it doesn't make any difference which one you pick, i don't think you're gonna do any sleeping around here. well we pulled it off didn't we? well didn't we? i don't know. rusty's pretty smart. but at least we're safe while he's thinking it over. you know the way you talk, i ain't gonna get a wink of sleep tonight. i'll sing you a lullaby. hey i wonder where we eat around here. i don't know but let's get washed up and find out. ♪ ♪ ♪ ♪ ♪ what's the matter with him? bullet what's the matter with you? come away from there. i guess he smells you... i don't have a dog. come on
a bull market somewhere. i promise to find it for you here on "mad money." i'm jim cramer. see you tomorrow. >>> coming up on "worldwide exchange," retail reality check. it's the day after christmas, early data shows the slowest growth in spending since 2008 this holiday season. we're crunching the numbers for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold
on christmas day in the nba and we'll give you highlights and play a rematch of the nba finals and jim, one of the 49ers should be con the big lost to seattle. those stories up next ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] no more paper anything. safeway presents just for u. save more. save easier. saving more, starts now. just for u on the safeway app. >> new at 11, christmas vacation is cut short for president obama and he's leaving hawaii tomorrow night. the president is returning to the white house to work on a fiscal cliff deal before the year ends. house and senate members are going to reconvene without an agreement, automatic tax increases and that will be triggered in the new year. it looks like few people season. retails are the weakest. holiday sales increased. and they expected them to go 6 to 4%. it's blamed on super sandy which stroke the east coast but let us not forget why obama is returning from hawaii early. the lawmakers will be able to reach a deal. >>> we have rainfalling across the bay area and some heavy showers and departing
for the holiday season. the need here at grade is year round. >>> coming up later in sports, jim harbaugh, whether the team should be concerned as they near the playoffs given sunday's loss to settle. >>> and the big nba games. >>> and a man named cole on it yellowhorn coles the goal of the year in hockey. those stories and moyer -- later in sports -- those stories and more, later in sports. >>> we'll be on the kron 4 show for new year's. kron 4 new year's live starts at 11:30 on new year's eve. >>> today on diamond dish, we're putting on the apron and we're gonna make a fine meal. it all starts at cooks classes right here in inside the sirrala store in palo alto with this chef. >> we'll have you up and running, you will be very impressed with yourself. let's go. >> let's go. >> reporter: first we boil water. how hard can that be? >> you will be cook the pasta in there. >> reporter: tonight we're making holiday tapas. you would be proud to serve this spark food to your guests. there's a brief lesson how to use a sharp night. saute some shallots and onions and we skewer some shrimps and then it's a
not knowing somebody was inside. that was the store's owner, jim butler. police say butler, they got into an altercation inside the business and philip was eventually shot. philip eventually collapsed in the parking lot. the owner had been having difficulties with people breaking into the store, and this time he happened to be there when it happened. philip had a vast criminal record including theft and various drug offenses. police say so far no charges have been filed in this case. kim dacey, wbal-tv 11 news. >> police are investigating two separate christmas day shootings. one happened on druid park lake drive in west baltimore. an adult male was found suffering a gunshot wound to his leg. there was a shooting in west baltimore. investigators found a male with a gunshot wound to his upper body. no word this morning on his condition or a suspect. a double shooting in east baltimore. one of the victims has been identified and was shot multiple times. he later died at the hospital. a second victim had gunshot wounds to her abdomen. >> authorities have recovered the human remains worr
in to sierra. >> jammed mcalpine snowball .com joins us over the phone. >> and jim can you hear me. we would need a couple of minutes to establish our phone connection with gm. i do not hear anything. it is not happening. >> we will come back to jim in a few minutes. >> the conditions are fabulous. to get there you do need chains. the avalanche warning has expired and salt. there8 in fai >> now we have at jim mcalpine. >> tons of snow! >> i will start with kirk would of over 7 ft.. the snow bomb guy i will put my word on 10 ft. of new snow at every tahoe resort. >> is the issue dressed up as santa claus? >> no, unfortunately not. >> the ski conditions are so good it is also to report almost every resort has all with spending. >> we just saw a shot where traffic was at a standstill. the chain of cars the cars with their change or driving in and pretty slow going. >>--wis chaith chains. >> i say it is fine if there is a crowd. that means it is a good idea. >> exactly. with intense heat of new snow is amazing and so much fun. i have to remind everyone it can be dangerous. two people over the la
? a nasty winter storm hitting many states in recent days. jim cantore in mobile, alabama. twisters hit yesterday, quite a few, i think, right, jim? >> reporter: yeah. the storm prediction center says 34, our severe weather expert who tracks tornadoes and sees which are duplicated says 19. which for whatever it's worth is a record day for tornadoes on christmas. the previous record was 1969 with 12 tornadoes. guys, here's the deal. now we have tornado season in the middle of winter. and that seems to be what happens nowadays. you see behind me this church was pretty heavily damaged. look at the roof. two sections ripped off. then dropped below. and given the fact that this debris was just dropped off down here, i'm going to probably estimate these winds somewhere in the 90 to 100 mile-per-hour range. so probably ef-1, maybe ef-2 damage. they typically go along the tornado path and look at the damage to assess an actual rating if you will in terms of what that damage is. behind me, a lot of cleanup here on dauphin street. the crews will be cleaning the debris. you see the power lines han
to the throne at next year's christmas reunion. jim meceda, nbc news, london. >>> if you plan to head to the movie, you better make sure you have a little extra time because many of this season's blockbusters are clocking in at almost three hours. a report from hollywood. >> reporter: they are epic productions, earning oscar buzz. >> shall we stop this bleeding? >> reporter: this year's blockbusters have something else in common. you better block out three hours if you want to see one. as we approach the end of the year, hollywood's heavyweights are posting some hefty run times. spielberg's "lincoln" clocks in at 2 1/2 hours. "les miserables" is almost three hours. >> and a whop iping 2:49, "neverending." >> they should all be called the never ending story. >> one word of advice, go to the toilet before the movie started. >> reporter: why try to hold the moviegoers attention so long. many say blame it on oscar. there's a feeling in hollywood the academy won't take a best picture contender seriously if it's under two hours. this time of year, studios are racing to release these epics b
and the mayor's office has helped us and jim where are you? he's the private sector liaison and thank you for all your har work. i appreciate it. i want to talk about the efficacy of this partnership. we hold a drill every year. and in two 000 at on california and 2009 at ferry building and vacated it in the morning and when bart was going to strike and we were ready and ten on mid-market and this year two fire drills and the chief's wife is here and her team was spectacular and the they had two drills and i will show you a video in a minute. why do we do that? why do we have our member dos that? because we want to test that response plan because it's no good on paper unless you test it and we do that. we run drills and it takes about a drill to do, to plan. we work with the public sector agency and it was the fire department and next year alsolet fire department and we had drills with the police department swat and a day long drill and you name the emergency we probably planned for it, and i am not here to brag. i am here to tell you these drills help and we can't do that without
the outstanding student superintendent and staff and pta and i would like to give a shout out to dakota and jim and allison. thank you very much. [ applause ] >> i wanted to wait for all commendations to take place so that i don't take away from this, but what i would like to do is have some privilege here and maybe make last comments for my last general session after eight years of serving on the school board. i have to say it's been a real privilege to have been here for eight years in this capacity and working with everybody in the school community. i think we have done a lot in eight years. we have accomplished a lot. we have steadily gone uphill in regards to student outcomes. people are beginning to trust us a lot more now in regards to the public in terms of sending their kids to the public schools. we have reversed that trend three years ago, even though we have done that for three years, the general public still does not really know that yet. and i constantly have to remind them that this is what has happened. and this was even happening before the economic downturn. so it wasn't abou
. >> and if there are any other members of public that would like to speak, please do just line up. >> hi. i am jim patrick, patrick and company in san francisco. i want to go to the agreet agreement with heins. i would like to find out the bullet points. what are the responsibilities and deals made there? to the best of my knowledge is not a public record and wondering if it will be a public record ? thank you. >> thank you. if there are no other members of public that will like to speak, we'll close public comment at this time. [ gavel ] and we'll move on to the regular calendar. >> item no. 17 a presentation of the audited financial statements for the fiscal year ended june 30 120 [#20*-/] 12 and the report to the board of directors. >> thank you. >> and director sarah will present this item. >> good morning again directors. you have been presented with our annual financial report and i am of course pleased that we have again received an unqualified clean opinion. i do want to acknowledge the other tjpa financial staff that you haven't met. they are not at our meetings, but they are instrumental i
's the executive director, there was a lot of people there, very high dignitary people, even jim lazarus was there, when i took a look at what they had planned out, they had architects where the explore tor yum is going to leave, so the planning that would be looked at, they want to open up the middle of that building, it's like a part of a hanger, so they were thinking about opening it up in the middle and making a difference, right away, i wanted to [inaudible] to take a good look at what's being looked at there, there's the building on the outside which went through retrofit during 1993. the building structure, they want to possibly build the palace on the north end of the properties, that's something that might be later on used on the marina greens area, i'm not sure, and they can also look at that, but the building itself, it has retrofit and as they're tearing at all the pieces, i would have liked to propose that there be external facade which mimics or by the columns, the external of the building where they want to open up that part would be pentagonal and you can build on top of it, an upp
, jim butler. police said butler and philip got into an altercation inside the business, and philip was eventually shot. philip ran out of the business and collapsed in the parking lot. he has been having difficulties lately with people breaking into the store, which police have responded to. it is just someone broken and he was there. as far as philip, he had a vast criminal record, which included guilty pleas to second-degree assault, theft, drug offenses, and court appearances for in the same. so far, no charges have been filed in this case. >> authorities say they have recovered human remains where a trap was laid for firefighters in new york. officials believe the remains of the sister of the shooter. her younger brother is responsible for setting fires and ambushing first responders. the fund typewritten reports saying the shooter wanted to burn down the neighborhood, and saying, "i want to do what i do best -- killing people puzzle in connecticut today, police officers received a gift of time. other officers from across the state have stepped up to fill in, so every newtown p
it successfully with pat moynihan in new york. he ran against william buckley's brother jim. at the first debate, buckley turned to him and starts bashing comes right out of the court with moynihan. he looks up and says, oh, the mudslinging begins. [laughter] >> thank you. tell us and generalize for us, historians have not typically have access to anything resembling this kind of material with the exception of nixon and whatever. how were we to regard the source of information? what is it? you have to check it? is a good way to his? >> i think it is good to go. what is wonderful about these tapes is the immediacy of them. also, we do have other presidential tapes to listen to. one of the things that i actually love about these tapes of the conversations between president kennedy and his brother. when you listen to the nixon tapes, they have a certain quality. then you listen to the two kennedy brothers talking about how mean this guy is. it sounds so quaint as opposed to some of what we heard on the nixon tapes. i'm sure that there were other words used to describe problematic figures. but it r
honor you. and then, finally, we're also going to be losing jim webb and jim demint. jim, as we all know, jim webb came here, did something very few freshmen can do by getting a major new piece of legislation passed, the new g.i. bill, and on the committee he's been really critical to our thinking about the far east. he was the first american to visit burma in ten years, and i'm proud to say i think i may have been the one who was there before that, but he changed the policy, he knew we had to lift the sanctions and move it, and his contribution to thinking about the trans-pacific partnership, the continued efforts on vietnam mias has been a superb contribution. he's a great thinker, and we appreciate his service. and jim demint, jim demint and i have, obviously, disagreed on a number of treaties and initiatives in front of the committee, bun of the great things about -- but one of the great things about jim demint is you know where he stands. he knows what he believes, we do. he's been a terrific advocate for his point of view, and we're confident that in his, in the new hat that he's g
a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of
in mobile, alabama, on christmas day. destroying several homes. weather channel's jim cantore live for us in mobile and joins us now. obviously, the sun is out and completely different now but explain why the monster system brought such a different batch of unexpected weather to certain places. >> reporter: well, we haven't had any big cold air masses in the east. so, you know, unless the gulf which is our fuel source is cooled off by a cold front, we can just take it as much as we want and that's what this storm did. came down, scooped up moisture, got warm and the jet stream came over and tornadoes that caused damage. this is a parish here, this is a an episcopal church. looking at the roof damage. you see a couple pieces of roof gone. that's not too bad. look how massive the church is and the top layer here, completely twisted by the tornado. all right? so that's going to have to be removed and rebuilt in through here. trees, power lines, damaged throughout mobile. we may have a four to five-mile path here but alabama power have been out all evening and morning getting some 40,000 peop
: jim in pennsylvania. good afternoon from miami. you're on with awe their brad meltzer. >> caller: thank you for taking my call, i was on the way out to the door to run anary rand when i saw brad meltzer on your program, and when i heard the word heroes it reminded me of a kissing just had with my sister, it was over the book "death of the west" and he sad we have stripped away heroes out of our history books,, in the schools, and i just think that we need heroes to look up to and emulate. and right now it seems like in this country we have a trickle-down immortality, and so just hearing all these books and your philosophy, brad, of getting heroes out into the public, just really enlightens me and i just feel so good that you're doing this, and i look forward to reading your books because i do believe we need to have heroes -- >> guest: i appreciate that. you're exactly right. in fact one of the things i really want -- whether we like it or not, our kids are going to pick heroes. you might as well have a say it in. if you don't they're going to pick some dumb athlete with some stu
decided to buy me a house as an investment outside china. >> reporter: jim jacobson has sold 22% of the residences at the ritz to affluent chinese. >> basically, they don't have a place to put their money. they look as their own economy as a place that's not very stable. the housing market is not very stable there either. >> reporter: this housing complex in irvine, california, is being built for chinese buyers. separate wok cooking rooms, no unlucky 4's in the addresses and multi-entrances for multi-generational living. scott meadows says chinese wealth is an opportunity, not a threat for american business. >> america is known for quality, so the chinese look at american-made products and foreign-made products in general as things they can trust. >> reporter: after all, that eagle is on the bottle because what so many chinese want is something made in the usa. ben tracy, rbs news, napa valley. >>> coming up after your local news on "cbs this morning" more on the violent weather in the south. we'll have live reports from alabama and indiana. plus, an eye-opening look at how your
their vacation. jim leyland the more respected and has an airport or a holiday season. >> it is a big city, i'm used his small-town minnesota so is interesting to see all of the flights in general. >> good news for travelers so far there no delays in or out of s f o. that of course, could change with the weather but we will continue to monitor that this morning. a very busy day is expected here at the airport. >> looking at business news investors returning from christmas are looking for some news reverse the recent slide in stocks. it will be tough to find that holiday cheer in today's news slow. u.s. stock features are flat following the market's slide during monday's thinly traded session which was stored for a holiday. investors remain concerned that congress and the administration will be unable to break the deadlock in talks to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to
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rancher jim chillton makes a disturbing discovery. a drug smuggling camp on his land, with knapsacks, blankets, food and bales of marijuana. >> this is my private land. this is land that i own. and the druggers outrageously use my land at will. >> reporter: advocates concerned about border security have placed motion-sensitive hidden cameras near chillton's land. and what they reveal are wave after wave of mexican drug and immigrant smugglers, sometimes heavily armed, crossing into the u.s., traveling miles inside the country. chillton and his wife sue complain, they live in no man's land, unprotected by their own government. >> it's outrageous. i am a citizen of the united states. >> reporter: for neighboring rancher david beckham, it's even worse. he moved his family off the land, hearing the armed smugglers pa passing through at night. he skofs when the administration claims the border is safer than ever. >> that's a joke. they can believe what they want. they can live in candy land. >> reporter: for miles and miles in southern arizona, this is the international border, the two co
cardin, for believing in the book. [applause] jonathan burnham, jane byrne, jim duffy, i want to thank andrew wily and jim ott. [applause] i want to say to my fellow writers, you've written extraordinary books. i don't really know why i'm standing here, but i've been working at this about a hundred years. not as long as elmore re demand, but a long time. [laughter] and i wouldn't be here if it weren't for my daughters. [applause] my husband dan, my mom and dad and all of you. i'd like to, in the end, accept this in the spirit of the turtle mountain chippewa people and in recognition of the grace and end diewrns of native women. this is a book about a huge case of ip justice ongoing -- injustice ongoing on reservations, and thank you for giving it a wider audience. it means so much to all of us. thank you. [applause] in and so this concludes the ceremony. please, help me congratulate all the finalists, winners and judges. [cheers and applause] everyone is invited to join the after party on the balcony. i would sincerely like to thank the national book foundation and especially harold fo
. >> reporter: jim jacobson has sold 22% of the residences at the ritz to affluent chinese. >> basically they don't have a place to put their money. they look at their own economy where as place where it's unstable. the housing market is unstable there. >> reporter: this housing complex in irvine california is being built for chinese buyers. no unlucky 4s in the building and multientrances for different generations. back in china they say it's not a threat to america. >> american is known for quality so china looks at foreign made products in general as things they can truck. >> reporter: after all that eagle is on the bottle because what so many chinese want is something made in the u.s. ben tracy, cbs news, napa valley. >>> the big question for kids this week, what did you get from santa? >> we went door door in pacifica to find out. kids ranged from air hockey to perfume. it was clear a lot of young people were thrilled to receive their presents. >> i got a red sled and skim board and skateboard i got some santa claus outfit, that's the hat. >> and what would christmas be like without
to keep up with the times. >> those iconic norman rockwell paintings come to mind. >> jim looked over hills shoulder >> reporter: berkeley author, lucy jane bledsoe reads a passage of her story wolf, the winning entry in the first ever writing american contest. >> i had a small audience for a number of year >> reporter: the story with a middle age man'sfascination with wolves won the contest. she follows some of the greatest story tellers fostered by the magazine. >> reporter: f. scott fitzgerald. >> yeah. >> reporter: william faulkner. you fit in that bunch? >> i don't know if i fit in that bunch. jack london is in there. >> reporter: edgar alan poe. >> yes. i am excited to be in that stream >> reporter: the contest is to find the next generation of great authors. the post is changing its image moving from two digs seen on the left to the more modern look on the right. bledsoe's at work on her new novel and she homes the start of a bigger audience. >> i really love capturing who we are and what our nuttiness is. >> reporter: and that's not necessarily fiction. in berkeley, linda yi,
learn this week the actor charles durning died in new york on monday. here's jim axelrod. >> reporter: known as the king of character actors charles durning appeared in more than 100 movies in a career that started in 1962. >> got to get you out of here! >> reporter: the crooked cop in "the sting." >> you're lieutenant william snyder? >> i don't know what's up? >> i know this is kind of quick, but that's how i am. >> reporter: the love-struck widower who proposes to dustin hoffman in "tootsie." >> i love to dance. >> reporter: but it was the over-the-top governor -- >> excuse me. >> reporter: and the bumbling nazi colonel in "to be or not to be" that earned him two oscar nominations in the early '80s. charles durning grew up poor in upstate new york. he left home at 16 before starting his theater career as an usher. world war ii interrupted that career. he was 21 years old on d-day when he was in the first wave to hit omaha beach, the only man in his unit to survive. he rarely spoke about that day, but recalled the landing at the national memorial day concert in 200
democratic primary over a guy named jim shannon. then came the biggest break of all, on the same today voters turned on elliot richardson. he was one of the few heroes of watergate. but the republicans dumped him in their primary in favor of a right wing businessman. only then was john kerry's path to the senate and all the prominence and all the opportunities that senate seat has afforded him, only then was that clear. in politics we tend to ridicule losers or ignore them. but john kerry's road back is a reminder of how arbitrary this game really is. all right, that does it for "the cycle." karen finney, you're in for martin bashir and it's all yours. >> all right. it's wednesday, december 26th. we hope you're having a wonderful holiday because the president's is about to end. boehner and the boys? what's the rush? ♪ >> first of all, we want to say merry christmas. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican coll
-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning, savannah. storm prediction center said we had as many as 34 tornadoes yesterday. average for the month of december is 26. church behind me here heavily damaged, two sections of the roof have been torn off and dropped below. christmas morning, that church was full of people and parishioners attending christmas service. power poles have been taken down as well. the last thing people in mobile expected on christmas day was to be cleaning up after a tornado. >> oh, my god! look at that. >> reporter: this was the scene in downtown mobile, alabama, late tuesday afternoon, a tornado touched down in the city of about 200,000. >> oh, wow! check that tornado out. it's been on the ground now for over a minute. >> reporter: the christmas day tornado damaged buildings, brought down trees, power lines and ripped through the wall of this church. workers in the area describe the scary moments. >> praying for everybody and everyone was kind of like in panic mode. >>
. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it is arguably fairly priced, somewhere between 13 times and 14 times this year's earning so not like there's a wild overvaluation that needs to be corrected, nor is this like in 2000 where we had an overinvestment boom from telecom and tech spending more 2007 with the housing boom. you have none of those imbalances. the financial sector is in great shape. even though gdp of the u.s. is flashed the first half of the year which i
's stay on the subject of guns and what to do about them. congressman jim moran says there is a disconnect between the national rifle association's leadership and the nra members. the democrat from virginia is pushing a package of gun reforms he says most nra members support. and representative moran joins me now live from washington. good to have you with us. >> good to be with you, thank you. >> congressman, when many politicians think about the nra, they think about this legion of people who stand shoulder to shoulder with wayne lapierre and the leadership and what he says they believe. you believe, though, that the nra leadership is out of touch with the membership. why? >> well, this bill that we're introducing on the first session of the next congress has five measures where two-thirds of nra membership support them. in fact, in some cases one of them is supported by 79% of the nra members. so i do think there is a disconnect between the nra members and the gun manufacturers who basically pay the salaries of the nra leadership. but what this would do is to require background checks,
, it's not conscious. it's the fact that i do, especially in relationship, if i'm newly going with jim, i don't have any desire to work. sometimes work is a substitute for -- >> for life. >> for life. that's right. >> your track record here. 51 gold albums, 30 platinum, eight grammys, two honorary grammys. that's just the music. oscars, emmys, grammys. unbelievable array of honors, medals, trophies. you must have a cabinet the size of the new york yankees. does any of that really motivate you? do you ever look at it and think, yeah, i haven't done badly for a young girl from brooklyn? >> every once in a while. i used to hide all these awards, then one day i was doing a new house and actually it was -- well, it was a long time ago, ten years ago, let's say. and i decided i'll put them in a room. you can't see them when you walk in, but they're there. and i do appreciate them now. i must say. i do say, oh, good, i was here. i'm still here, but i was here. you know, i think it's because my father -- and maybe you relate to this -- died so young that i want to be remembered. i want to have
became the appointee to be senator to take jim demint's place, dominoes falling. what are people thinking about running kind of know each other >> a little bit. this seat could be vacant as early as next week, january 2, when they come back into session for the 113th congress. what's really interesting about this is former governor mark sanford, who for a time was a very popular republican. he fought president obama's administration on the stimulus program. he had a lot of different thingf that had him really in highin regards in conservatives. h then he had an affair. >> ifill: but he's running against or looking...le >> jenny sanford, his ex-wife, had also expressed interest in this house seat.fa what's very interesting about this, in addition to the fact that they were once married and he had this affair and wentac public and ended up leaving the governor's race in a bit of disgrace and under investigation for using state funds for t meeting his mistress-- he held this seat for three terms. this is a district he's familiar with. she was actually his campaign20 manager when he held this
as we speak. and hormel was representing so that point got through. jim frederick, thanks for joining us tonight. >>> up next, an attempted coup if you will. to derail a movement off the tracks. although i think they have a lot of influence. look at the cliff. the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may inherit john kerry's senate seat now that he's been nominated tr secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat because he considers connecticut his home. >>> and it looks like ben affleck is sticking to life in hollywood instead of heading to washington. the star of argo, a great movie, says that he quote, loves the political process but i'm not running for office. we'll be right back. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you
the nomination of jim hormel to be ambassador to luxembourg back in the '90s. he said the ambassador was openly aggressively homosexual. hagel took a pummelling for a few hours, few days, then miraculously, there was an apology from chuck hagel. there were phone calls from the white house to gay groups. >> seems to me it shows you the toughest place to be in washington right now is a moderate independent, especially if you're moving forward into the public light. both sides have at you. >> right, both sides. again, as we talk about all the time, the partisan nature of this town and particularly in the house is something that, you know, makes a chuck hagel, makes other people a bit of an endangered species. >> it's wild for all the talk, collective talk about how we want bipartisanship, the minute the leaders move forward they get eviscerated. jonathan capehart, thanks for being on the show, we appreciate it. >>> joining me now to talk about how the fiscal cliff will hurt cities across the nation, philadelphia mayor michael nutter. mr. mayor, thank you so much for being on the show. >> thank you
ran for the senate against each other in new york state. the night they were both nominated, jim buckley got up and said, i look forward to running against professor moynihan. jim buckley is referring to you as professor moynihan. pat said, the mudslinging has begun. what you are in for tonight, however, it is a lecture on political philosophy. take notes, there will be a test. in 1953, the year in which the words "under god" were added to the pledge of allegiance, it he proclaimed the fourth of july and national day of prayer. on that day, eisenhower fished in the morning, golfed in the afternoon, and played bridge in the evening. there were prayers -- perhaps when the chief executive faced a daunting putt. this was not his first foray into the darkened ground of the relationship between religion and american politics. three days before christmas in 1952, president elect ike made a speech in which he said "our form of government has no sense unless it is founded in the deeply felt religious faith and i do not care what it is." he received a much ridicule from his cultured despis
coach jim harbaugh is asked if he thinks his team in is in trouble after sunday's blowout loss and lebron james and kevin derant square off in a rematch. a full slate of christmas day hoops have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problem
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